This page reflects CTVA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — CTVA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $70.00 (8.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$70.00
Nearest expiry
Expected Move
±$4.60
±5.8%
Days to Expiry
29
Calendar days
Total Call OI
4,906
Nearest expiry
Total Put OI
1,997
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$78.80
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$80.00
4/17/2026, 11:07:23 PM
2026-05-15
$80.00
5/15/2026, 11:10:53 PM
2026-06-18NextUpdated
$70.00
5/20/2026, 11:10:44 PM
2026-07-17
$75.00
5/20/2026, 11:10:44 PM
2026-08-21
$75.00
5/20/2026, 11:10:44 PM
2026-09-18
$75.00
5/20/2026, 11:10:44 PM
2026-12-18
$55.00
5/20/2026, 11:10:44 PM
Selected expiration: 2026-06-18 at max pain $70.00.
CTVA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
6988000
6988000
40
500
5991500
5992000
45
2000
4998500
5000500
50
3500
4008500
4012000
55
11500
3044500
3056000
60
48000
2080500
2128500
65
125000
1150500
1275500
70
284000
473500
757500
75
588000
228000
816000
80
1415500
22500
1438000
85
2681500
0
2681500
90
4314000
0
4314000
95
6620500
0
6620500
100
9053500
0
9053500
105
11497500
0
11497500
110
13949000
0
13949000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.